FTSE falters in morning trading

A luke-warm response to the Bank of England’s £50bn (€62.4) bail-out for the banking sector left the London market treading water today.

FTSE falters in morning trading
Mon, 21 Apr, 2008 - 12:37

A luke-warm response to the Bank of England’s £50bn (€62.4) bail-out for the banking sector left the London market treading water today.

The FTSE 100 Index pared back earlier gains after the Bank announced its asset-swapping scheme for banks to trade their riskier investments for Government-backed bonds to ease the impact of the credit crunch.

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